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Future of Watertown Mall May Be in Question Following $130 Million Sale to Life Science Developer

JLL Capital Markets Facilitates Transfer of Target-Anchored Shopping Center to Alexandria Real Estate Equities
The Watertown Mall has the most-visited Target in Massachusetts according to JLL, which arranged the sale of the shopping center to Alexandria Real Estate Equities. (CoStar)
The Watertown Mall has the most-visited Target in Massachusetts according to JLL, which arranged the sale of the shopping center to Alexandria Real Estate Equities. (CoStar)
By Dominique Mackey
CoStar Research
May 7, 2021 | 10:12 P.M.

Last month's $130 million sale of the Watertown Mall to mega-life science developer and owner Alexandria Real Estate Equities has prompted much speculation locally about the future of the popular shopping center.

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